About 14% of the estimated $2.7 trillion in lendable securities was on loan during the third quarter, according to a survey by the RMA Committee on Securities Lending. The breakdown was: U.S. equities, $1.4 trillion; U.S. corporate bonds, $407 billion; non-U.S. equities, $467 billion; U.S. Treasuries, $232 billion; non-U.S. bonds, $136 billion; and U.S. agencies, $73 billion. The weighted average return on loans was: non-U.S. equities, 74 basis points; U.S. equities, 44; U.S. corporate, 37; U.S. Treasuries, 35; non-U.S. bonds, 25; and U.S. agencies, 23. The survey included information from 18 agent lenders.
About 14% of the estimated $2.7 trillion in lendable securities was on...
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